NFLX vs. GOOGL
NFLX (Netflix, Inc.) and GOOGL (Alphabet Inc Class A) are both stocks. Both are in the Communication Services sector — NFLX in Entertainment, GOOGL in Internet Content & Information. Over the past 10 years, NFLX returned 23.40%/yr vs 25.69%/yr for GOOGL. At a 0.36 correlation, their price movements are largely independent.
Performance
NFLX vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, NFLX achieves a -13.05% return, which is significantly lower than GOOGL's 14.77% return. Over the past 10 years, NFLX has underperformed GOOGL with an annualized return of 23.40%, while GOOGL has yielded a comparatively higher 25.69% annualized return.
NFLX
- 1D
- -2.17%
- 1M
- -10.44%
- YTD
- -13.05%
- 6M
- -21.59%
- 1Y
- -33.07%
- 3Y*
- 26.74%
- 5Y*
- 10.50%
- 10Y*
- 23.40%
GOOGL
- 1D
- -0.79%
- 1M
- -6.33%
- YTD
- 14.77%
- 6M
- 12.47%
- 1Y
- 116.77%
- 3Y*
- 42.66%
- 5Y*
- 24.78%
- 10Y*
- 25.69%
NFLX vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLX Netflix, Inc. | -13.05% | 5.19% | 83.07% | 65.11% | -51.05% | 11.41% | 67.11% | 20.89% | 39.44% | 55.06% |
GOOGL Alphabet Inc Class A | 14.77% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between NFLX and GOOGL is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2004 | 0.36 |
Over the past year, the correlation between NFLX and GOOGL has dropped to 0.04 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
NFLX:
$350.41B
GOOGL:
$4.39T
NFLX:
$3.09
GOOGL:
$13.11
NFLX:
26.37
GOOGL:
27.37
NFLX:
1.04
GOOGL:
1.35
NFLX:
7.52
GOOGL:
10.38
NFLX:
11.26
GOOGL:
9.18
NFLX:
$46.89B
GOOGL:
$422.57B
NFLX:
$22.99B
GOOGL:
$255.12B
NFLX:
$26.91B
GOOGL:
$174.08B
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Return for Risk
NFLX vs. GOOGL — Risk / Return Rank
NFLX
GOOGL
NFLX vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) and Alphabet Inc Class A (GOOGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NFLX | GOOGL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | 4.03 | -5.03 |
Sortino ratioReturn per unit of downside risk | -1.40 | 5.33 | -6.74 |
Omega ratioGain probability vs. loss probability | 0.82 | 1.65 | -0.83 |
Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.77 | -6.53 |
Martin ratioReturn relative to average drawdown | -1.36 | 21.31 | -22.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFLX | GOOGL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 4.03 | -5.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.80 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.89 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.84 | -0.26 |
Drawdowns
NFLX vs. GOOGL - Drawdown Comparison
The maximum NFLX drawdown since its inception was -81.99%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for NFLX and GOOGL.
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Drawdown Indicators
| NFLX | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -65.29% | -16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -20.37% | -22.98% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -29.81% | -13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -75.95% | -44.32% | -31.63% |
Max Drawdown (10Y)Largest decline over 10 years | -75.95% | -44.32% | -31.63% |
Current DrawdownCurrent decline from peak | -39.12% | -10.84% | -28.28% |
Average DrawdownAverage peak-to-trough decline | -24.89% | -13.02% | -11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.34% | 5.50% | +18.84% |
Volatility
NFLX vs. GOOGL - Volatility Comparison
The current volatility for Netflix, Inc. (NFLX) is 7.24%, while Alphabet Inc Class A (GOOGL) has a volatility of 8.29%. This indicates that NFLX experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NFLX | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 8.29% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.66% | 20.56% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 29.22% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.11% | 31.29% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.52% | 29.10% | +12.42% |
Dividends
NFLX vs. GOOGL - Dividend Comparison
NFLX has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc Class A | 0.23% | 0.27% | 0.32% |
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% |
Financials
NFLX vs. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between Netflix, Inc. and Alphabet Inc Class A. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NFLX vs. GOOGL - Profitability Comparison
NFLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a gross profit of 6.36B and revenue of 12.25B. Therefore, the gross margin over that period was 51.9%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
NFLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported an operating income of 3.96B and revenue of 12.25B, resulting in an operating margin of 32.3%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
NFLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Netflix, Inc. reported a net income of 5.28B and revenue of 12.25B, resulting in a net margin of 43.1%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
NFLX and GOOGL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (8.29%) compared to NFLX (7.24%). In terms of maximum drawdown, NFLX dropped -81.99% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (4.03 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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